Welcome to The Axis your late look at payments news from around the world Coverage includes The National Bank of Kuwait s rollout of SWIFT Global Payments Innovation gpi services with the help of ACI Worldwide In addition UCPB launched its InstaPay service in The Phillipines and NoBroker has brought rent payments into its app in India The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation gpi services via the payments engine of ACI Worldwide according to an announcement ACI said the offering enables customers to tap into reduced timelines increased transparency and the same-day transfer and use of funds In all ACI noted that the global gpi community has come to encompass close to 300 banks ACI Worldwide Head of Real-Time Payments Craig Ramsey said in the announcement Effectively leveraging the richer data of SWIFT gpi messages will allow NBK to further optimize the customer experience and differentiate against competitors NBK now delivers customers greater transparency and traceability in cross-border transactions which facilitates better communication and reconciliation for the banks customers In The Philippines UCPB rolled out its InstaPay service to enable customers to transfer money instantly to bank accounts according to reports The companys electronic banking services platform UCPB Connect is said to facilitate the fund transfer service In addition the service is reportedly the first automated clearing house that uses the National Retail Payment System NRPS framework set by the countrys central bank UCPB Vice President and Head of Marketing Group Charina Balanquit said InstaPay makes it possible for our clients to enjoy fast safe convenient affordable and seamless transactions with participating banks and e-money issuers in the Philippines Balanquit added that the bank is seeing a rapid take-up of this service due to the convenience that it offers And in India NoBroker has brought payments through unified payments interface UPI cards internet banking and wallets into its app India Times reported The service enables tenants to make automatic payments for rent In order to tap into this feature tenants enter the details of the payee and payor once After that time the payments are made automatically and both parties are notified of the transactions In addition renters can use the feature to pay for maintenance charges and security deposits NoBroker Chief Technology Officer Akhil Gupta noted in the report that rent paid in India totals roughly 50 billion over multiple channels LATEST INSIGHTS Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation thats reshaping the payments and commerce ecosystem Check out the latest PYMNTS report on how QSRs are doing when it comes to innovation